BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -You should be doing a SWOT analysis (and the scenario analysis that goes with it) a couple times a year. If you’re in rapid growth mode or in a very volatile market, you should be doing it even more frequently.

Detailed explanation-2: -A SWOT analysis helps you assess internal factors that might affect your business (strengths and weaknesses) and external factors (opportunities and threats). You will need to review and act on the results from the SWOT analysis.

Detailed explanation-3: -When should you perform a SWOT analysis? Employ a SWOT analysis before you commit to any company action, whether that’s exploring new initiatives, revamping internal policies, considering opportunities to pivot or altering a plan midway through its execution.

Detailed explanation-4: -Answer & Solution The acronym SWOT stands for Strengths, Weakness, Opportunities and Threats. It is a way of summarizing the current state of a company and helping to devise a plan for the future, one that employs the existing strengths, redresses existing weaknesses, exploits opportunities and defends against threats.

Detailed explanation-5: -SWOT Analysis: Strengths, Weaknesses, Opportunities, and Threats.